Volvo Cars’ first quarter 2018 operating profit rises 3.6 per cent to SEK 3,616 million
Volvo Cars, the premium car maker, today reports its financial result for the first quarter of 2018. Highlights from the financial report include the following: First quarter: · Operating profit of MSEK 3,616, an increase of 3.6 per cent compared to Q1 2017 · Net revenue up to MSEK 56,813, up 18.9 per cent versus Q1 2017 · Net income of MSEK 2,558 , a decrease of 1.8 per cent compared to Q1 2017 · EBIT margin 6.4 per cent, versus 7.3 per cent in Q1 of 2017 · Global first-quarter retail sales up 14.1 per cent to 147,407 cars Outlook for 2018: · We expect the